HSBC Cuts Dozens of Analyst Jobs in Investment Banking Overhaul
HSBC Holdings Plc has culled more than two dozen analysts in recent days as Europe's largest lender deepens a restructuring of its investment banking businesses, according to people familiar with the matter.
Those affected by the move include Steven Major, HSBC's Dubai-based global head of fixed income research, the people said, asking not to be identified discussing confidential information. Most of the cuts were in Europe, according to the people.
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Architect Selby Stocks considers the future of housing in the Yorkshire Dales
THE debate about whether to prioritise the construction of more new homes for working-age families or the preservation of the rich heritage of the Yorkshire Dales polarises opinion. Architect Selby Stocks, an associate director at Skipton based Rural Solutions, argues that we can do both. The Yorkshire Dales is a world-famous landscape with stone barns and picturesque hamlets dotted throughout the rolling hills and pastures of this historic national park. How, then, to protect its uniqueness whilst ensuring that communities continue to thrive and that residents, both new and old, can enjoy a high quality of life? Despite all the positives that are associated with living in a national beauty spot, there are also problems that need considered action. The current population of 22,798 has begun to shrink and forecasts suggest a decline of nine per cent by 2042 without intervention. This is exacerbated by an increasingly ageing population. Whilst that's certainly not unique to the Yorkshire Dales, census data suggests it is significantly more pronounced than the national average, a trend which is expected to continue. The most common national driver for this trend is limited employment options and this certainly applies here, although it's worth noting that unemployment remains low compared to national averages. The cost of housing and, by association, living has been identified as one of the key reasons for the shift in the local demography. A recent consultation by the national park authority identified that helping younger people to live and work in the Yorkshire Dales was considered the second most important issue by residents. The average house price in the national park varies between £318,000 and £332,000 which is approximately 25 per cent more than the UK average of £267,700. Alongside cost, a secondary reason is the availability of housing. The number of second, holiday and empty homes accounted for 22 per cent of the housing stock in the former national park area in 2011. In some settlements the figure reaches over 30 per cent, which has an impact upon seasonal vitality. Analysis within the current Yorkshire Dales National Park Local Plan has agreed that the target for new houses within the park should be 50 dwellings per annum. That's not, in my view, enormous, given the current density of housing within the park. To put this in context, there are 9.6 hectares of land for every resident compared to the average of 0.25 hectares for England. Yet, despite this modest ask, the recent 'call for sites' draft allocations undertaken by the planning authority, which is aimed at allocating land for development, has fallen short of the proposed target. This is simply not good enough. Over the last six years, an average of 39 houses per annum have been built across the national park but only 12 per cent of these have met the definition of affordable homes. Whilst there is a unilaterally supported desire to protect the landscape and built character of the Yorkshire Dales, there is also a need to support the growth and vitality of its resident population. Currently there are many locations within the park that are not classified as 'settlements' and, as such, even redundant existing buildings are off limits to convert into dwellings in policy terms. These are places with names and a good number of houses, postcodes and communities. Any resident who lives there would name their 'village' but, according to policy, they don't have the status of a settlement. As such, any proposals to convert barns or infill between two houses are contrary to policy. Surely these are the sort of locations that could sustainably support growth without damaging the character of the national park? If there is a need for smaller, more affordable dwellings, we don't need to look that far back in time for a good precedent. There is a strong tradition for short rows of terraced cottages within many villages in the park. These tend to comprise a front room or parlour and a rear scullery or kitchen with two bedrooms above. They have an attractive proportion and rhythm to the fenestration and chimneys that gives them a distinctive charm. As newly built dwellings with a focus on low carbon design, such forms of development could contribute positively to their locations both in visual terms and by enabling younger, working-age people to live in the area. If we can achieve careful and selective development, building need not be the enemy of the enduring appeal of the national park. This is particularly the case when proposals are crafted following the local vernacular and are sympathetic to their surroundings. Kindly reproduced from Friends of the Dales membership magazine, Yorkshire Dales Review.
Yahoo
16 minutes ago
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Sunderland officially reject Borussia Dortmund bid for Jobe Bellingham.
Borussia Dortmund must prepare a new offer in their ongoing quest to acquire England U21 international Jobe Bellingham. Sky Germany reports that a BVB bid not exceeding €25m has been officially rejected by the newly promoted Premier League club. Sky notes that the Bundesliga outfit is quickly preparing another bid in order to conclude the transfer as soon as possible. The German broadcaster claims that a base-transfer-fee of €25m with around €5m in bonuses should be sufficient to get the deal done. Dortmund still wish to acquire Bellingham in time for the coming Club World Cup. The player himself is said to wish to participate in the tournament. Advertisement Given that Bellingham is among the England U21 nominees slated to compete in the UEFA U21 European Championship in Slovakia, Dortmund must get the matter sorted out in time to ply Bellingham away from England U21 head coach Lee Carsley's camp. Carsley's defending European U21 champions are set to contest their first tournament group stage fixture in just five days' time. GGFN | Peter Weis
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Woman Says Her ‘Bitter' Husband Moved Out After She Got 'Carried Away' and Went $55,000 Over Budget Refurbishing Their Home
A woman says her husband has moved out after their home renovations went $55,000 over budget The woman admits that she's the one who pushed for the renovations, and that the costs have demolished her husband's savings and investments The woman shared her story on a popular community forum — where a number of people said they think her husband was right to have leftA woman's husband has moved out after major tension over the cost of a home renovation, and she's not sure what to do next. The woman detailed her story in the 'Am I Being Unreasonable?' forum on the U.K-based community site Mumsnet. In her post, the woman said that she and her husband purchased a home 'earlier this year,' and that while they spent more than they 'would have liked,' they can still afford the monthly payments. Never miss a story — sign up for to stay up-to-date on the best of what PEOPLE has to offer, from celebrity news to compelling human interest stories. However, she went on to say that they underestimated some home renovation costs, explaining that they budgeted about $80,000 for renovations that ultimately cost at least $135,000. 'The house is very dated and needs updating, but [my husband] has become increasingly bitter at the cost and placed the blame on me,' the original poster (OP) said. She revealed that he had to use his retirement savings and sell off his employee shares to fund the renovations, and 'regularly' resorts to calling her 'names.' 'He stayed in the spare room for weeks but finally moved out back to his parents,' she said, adding, 'I don't know what happens after this — will the house be sold off? We are sitting on a very significant loss if we sell it now.' In a follow-up to her initial post, the OP said that while she has a job, her husband earns 'much, much more,' meaning that he was the one paying for the bulk of the renovations. She also admitted that she got 'carried away' with a home designer and that she was the one pushing for many of the updates, despite the fact that her husband often seemed unsure about them. A number of the woman's fellow community members said that they understand why her husband is so upset, and many said that they, too, would have walked out. The PEOPLE Puzzler crossword is here! How quickly can you solve it? Play now! 'I think you need to be honest with yourself,' one person said, adding, 'If you'd taken on this project yourself, you would have had to rein in your spending because you simply wouldn't have had the money. But you didn't. You weren't sensible. You just saw his savings as yours to blow when you got carried away. I'd have left, too. I simply couldn't trust you anymore.' 'You've prioritized having an Instagram house over your marriage. It isn't difficult to understand why he's left,' said someone else. Others said that they think the OP needs to decide if she wants to save the relationship, and if so, she should make that her main priority now. 'Just remember it should be your relationship and what you are building for the future that's the priority — not fancy designers, etc.' one person said, adding, 'I would get back in touch with your husband and put things right if it's the relationship you care about." Read the original article on People
